DFASvsSMMDETF Comparison
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Dimensional US Small Cap ETF (DFAS) belongs to the US Small Cap segment. iShares Russell 2500 ETF (SMMD) is part of the US Multi-Factor segment. DFAS's top 3 sector exposures are Finance, Industrials and Technology. In contrast, SMMD's top sector exposures are Finance, Industrials and Healthcare. DFAS is more expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.23% for SMMD. DFAS is up 16.2% year-to-date (YTD) with +$1.13B in YTD flows. SMMD performs better with 19.47% YTD performance, and +$876M in YTD flows. Run a side-by-side ETF comparison of DFAS and SMMD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DFAS vs SMMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFAS SMMD | +0.93%-0.82% | +5.17%+6.10% | +16.20%+19.47% | +22.38%+28.57% | +46.11%+56.00% | +52.78%+48.38% |
| Flows | DFAS SMMD | +$276M+$55M | +$543M+$440M | +$1.13B+$876M | +$1.91B+$1.46B | +$5.42B+$1.97B | +$7.30B+$2.47B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFAS SMMD | +14.10%+17.74% | +16.42%+17.79% | +19.39%+19.37% | +20.71%+20.96% |
| Max drawdown | DFAS SMMD | -4.24%-4.22% | -9.26%-9.48% | -26.11%-25.55% | -26.11%-28.20% |
| Max drawdown duration | DFAS SMMD | 19d16d | 66d43d | 373d283d | 373d980d |
Trading data
DFAS | SMMD | |
Last sale 7/24/2026 at 1:30 PM | $80.74 | $89.18 |
| Previous close 07/23/2026 | $80.54 | $89.14 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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DFAS
is actively managed and doesn’t replicate an indexDFAS | SMMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
DFAS | SMMD | |
|---|---|---|
| Last price | $80.74 | $89.18 |
| 1D performance | +0.25% | +0.04% |
| AuM | $15.15 B | $3.56 B |
| E/R | 0.26% | 0.23% |
Characteristics
DFAS | SMMD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Dimensional | iShares |
| Benchmark | - | Russell 2500 Index |
| N° of holdings | 2055 | 2467 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 14, 2021 | July 6, 2017 |
| ESG | No | No |
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Exposure
Countries
DFAS
USA
95.88%
Other
4.12%
SMMD
USA
95.04%
Other
4.96%
Sectors
DFAS
Finance
21.43%
Industrials
15.38%
Technology
12.89%
Healthcare
12.75%
Non-Energy Materi.
7.99%
Consumer Cyclical.
7.83%
Other
21.73%
SMMD
Finance
23.86%
Industrials
15.48%
Healthcare
14.26%
Technology
13.89%
Non-Energy Materi.
8.19%
Other
24.33%
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Diversification
DFAS
Total weight of top 15 holdings out of 15
3.92%
SMMD
Total weight of top 15 holdings out of 15
4.88%
Top 15 holdings
Data as of June 30, 2026
DFAS
TTM Technologies, Inc.
0.37%
Amkor Technology, Inc.
0.30%
Onto Innovation, Inc.
0.28%
Jazz Pharmaceuticals Plc
0.27%
BorgWarner, Inc.
0.27%
WESCO International, Inc.
0.26%
IES Holdings, Inc.
0.26%
DigitalOcean Holdings, Inc.
0.25%
Sanmina Corp.
0.25%
Advanced Energy Industries, Inc.
0.25%
Elanco Animal Health, Inc.
0.24%
Rambus, Inc.
0.24%
Element Solutions, Inc.
0.24%
Applied Industrial Technologies, Inc.
0.23%
Moog, Inc.
0.23%
SMMD
MKS, Inc.
0.40%
Carpenter Technology Corp.
0.40%
nVent Electric Plc
0.36%
ATI, Inc.
0.35%
MACOM Technology Solutions Holdings, Inc.
0.34%
Woodward, Inc.
0.34%
Sterling Infrastructure, Inc.
0.33%
F5, Inc.
0.31%
Affirm Holdings, Inc.
0.30%
NiSource, Inc.
0.30%
SoFi Technologies, Inc.
0.30%
US Foods Holding Corp.
0.30%
C.H. Robinson Worldwide, Inc.
0.29%
Lattice Semiconductor Corp.
0.28%
Packaging Corporation of America
0.27%
Frequently asked questions about DFAS and SMMD
How have the DFAS and SMMD ETFs performed in 2026?
As of July 23, 2026, DFAS is up 16.2% year-to-date (YTD), while SMMD has returned 19.47%. That puts SMMD better performer ahead so far this year.
Which ETF is attracting more investor money: DFAS or SMMD?
Year-to-date, the DFAS ETF saw +$1.13B in flows, compared to +$876M for SMMD.
Which ETF is more volatile: DFAS or SMMD?
Over the past year, DFAS had a volatility of 16.42%, while SMMD experienced 17.79%.
Which ETF is bigger: DFAS or SMMD?
As of July 23, 2026, DFAS holds $15.15 B in assets under management (AUM), while SMMD manages $3.56 B.
What sectors do the DFAS and SMMD ETFs invest in?
DFAS leans toward sectors like Finance, Industrials and Technology. Meanwhile, SMMD focuses on Finance, Industrials and Healthcare.
What are the top holdings of the DFAS ETF and SMMD ETF?
DFAS top holdings include TTM Technologies, Inc., Amkor Technology, Inc. and Onto Innovation, Inc.. SMMD holds in its top three: MKS, Inc., Carpenter Technology Corp. and nVent Electric Plc.
Which ETF is more diversified: DFAS or SMMD?
DFAS holds 2100 securities with 3.92% of its assets in the top 15. SMMD has 2505 securities and a top 15 weight of 4.88%.
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Latest news about DFAS & SMMD
Small Caps and Value Stocks Continue to Rally Amid Market Rotation
July 22, 2024
DFAS
Dimensional Fund Advisors Celebrates 3-Year ETF Anniversary
November 8, 2023
DFAS
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